alleryMatch Cournot role: 1. Cournot: p. 1838 2. Prior: q. Marshall 3. Small: r. Changes
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Cournot implicitly formulated demand elasticity relations in 1838 before Marshall explicitly named and generalized the concept.
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